2020-11-16T14:27:53-06:00 2019-12-31 161131146 BONADIO & CO LLP 7936 SENECA TURNPIKE CLINTON NY 13323 990 2019-01-01 311727817 PRESWICK GLEN INC PRES 3157977500 172 CLINTON ROAD NEW HARTFORD NY 13413 MICHAEL SWEENEY CEO 3157977500 2020-11-16 1 RICHARD ZWEIFEL P00085938 3157977781 2020-11-15 4.28.134.154 2020-11-16 08:08:32 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 1384AE37DA1E47B759B2C68C4560C142031642AC 2019 2021-01-29 14:40:06Z MICHAEL SWEENEY 172 CLINTON ROAD NEW HARTFORD NY 13413 4847812 0 X WWW.PRESWICKGLEN.COM X 2000 NY THE ORGANIZATION'S MISSION IS TO OFFER A RETIREMENT COMMUNITY WITH COMMITTMENT TO PROVIDE SECURITY, PEACE OF MIND AND INDEPENDENCE FOR SENIOR ADULTS BY PROMOTING OPPORTUNITIES FOR PERSONAL GROWTH IN AN ATTRACTIVE AND COMFORTABLE ATMOSPHERE. 15 15 58 15 0 0 7094 100 4713930 4783420 5655 2022 85331 62270 4812010 4847812 0 0 0 0 1123239 1102646 0 0 0 3091893 3151054 4215132 4253700 596878 594112 12765254 12915000 19715473 19431376 -6950219 -6516376 THE ORGANIZATION'S MISSION IS TO OFFER A RETIREMENT COMMUNITY WITH COMMITTMENT TO PROVIDE SECURITY, PEACE OF MIND, AND INDEPENDENCE FOR SENIOR ADULTS BY PROMOTING OPPORTUNITIES FOR PERSONAL GROWTH IN AN ATTRACTIVE AND COMFORTABLE ATMOSPHERE. 0 0 3484371 4846817 INDEPENDENT LIVING WHICH PROVIDES HOUSING, ACCESS TO HEALTH CARE, AND A NO-EVICTION POLICY TO RESIDENTS 60 YEARS OF AGE OR OLDER. FACILITY CONSISTS OF 84 INDEPENDENT LIVING APARTMENTS AND 40 INDEPENDENT LIVING COTTAGES THAT ARE LEASED AND RENEWED ON A YEARLY BASIS. 121 UNITS IN TOTAL WERE LEASED AND FULLY OCCUPIED AT THE END OF THE YEAR. 3484371 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 26 0 1 58 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X PRESWICK GLEN INC 3158535515 172 CLINTON ROAD NEW HARTFORD NY 13413 LINDA VOCE CHAIRMAN 0.20 1.00 X X 0 0 0 JERRY BURKE VICE CHAIRMAN 0.20 1.00 X X 0 0 0 MATT GROVE TREASURER 0.20 1.00 X X 0 0 0 JAY WILLIAMS SECRETARY 0.20 1.00 X X 0 0 0 DEBORAH MILLS DIRECTOR 0.20 1.00 X 0 0 0 MARIE ABRAHAM DIRECTOR 0.20 1.00 X 0 0 0 STEVEN CRANE DIRECTOR 0.20 1.00 X 0 0 0 ROBERT OHMANN DIRECTOR 0.20 1.00 X 0 0 0 PHIL WILLIAMS DIRECTOR 0.20 1.00 X 0 0 0 ROGER WILLIAMS DIRECTOR 0.20 1.00 X 0 0 0 JEFF KANE DIRECTOR 0.20 1.00 X 0 0 0 ROGER BRESLOW DIRECTOR 0.20 1.00 X 0 0 0 DAVID CLEAVER-BARTHOLOMEW DIRECTOR 0.20 1.00 X 0 0 0 RICK RIGGLE DIRECTOR 0.20 1.00 X 0 0 0 GREGORY MAY DIRECTOR 0.20 1.00 X 0 0 0 DAVID ABDOO DIRECTOR 0.20 1.00 X 0 0 0 MICHAEL SWEENEY CEO 5.00 32.50 X 0 244933 26506 ROXANNE COTTER CFO 1.00 36.50 X 0 124545 4807 ROBERT MOREHOUSE CIO 1.00 36.50 X 0 119154 2377 0 488632 33690 0 0 1 0 SODEXO INC & AFFILIATES PO BOX 260170 PITTSBURGH PA 15251 FOOD MANAGEMENT 412098 1 100 100 RENTAL INCOME 532000 4584033 4584033 RESIDENT FEES 532000 199387 199387 4783420 895 895 1127 0 1127 1127 1127 MEALS 722210 42033 42033 MISCELLANEOUS REVENUE 900099 20237 20237 62270 4847812 4846817 0 895 X 902182 814593 87589 6803 6143 660 124749 112638 12111 68912 62222 6690 232064 152739 79325 5911 5911 15055 15055 540080 355467 184613 251613 98755 152858 165724 120418 45306 806346 803760 2586 30160 30160 312900 158998 153902 511176 509537 1639 66015 65803 212 RESIDENT MOVE-IN INCENT 103647 103647 EVENTS AND ACTIVITIES 66403 66403 DUES AND SUBSCRIPTIONS 34356 13484 20872 OTHER DIRECT EXPENSES 9604 9604 4253700 3484371 769329 0 1722398 2102997 6422 14045 5778 5778 219081 214032 12871712 4978756 8033266 7892956 2778309 2685192 12765254 12915000 255316 284894 3152 0 9366991 9199590 10090014 9946892 19715473 19431376 X -6953037 -6517623 2818 1247 -6950219 -6516376 12765254 12915000 X 594112 -160269 X X 0 1 X 1 0 X 1500 12072 3330 7094 100 24096 4968287 4847597 4692833 4713930 4783420 24006067 4969787 4859669 4696163 4721024 4783520 24030163 0 0 0 24030163 4640 4736 2700 613 895 13584 4640 4736 2700 613 895 13584 4974427 4864405 4698863 4721637 4784415 24043747 0.99940 0.99920 0.00060 0.00080 X 8997415 2365280 6632135 1495517 911323 584194 2101022 1537035 563987 277758 165118 112640 7892956 ASSETS HELD BY TRUSTEE 239850 RESIDENT DEPOSITS 2444195 INTEREST IN THE NET ASSETS OF PRESBYTERIAN HOMES FOUNDATION, INC. 1147 2685192 DUE TO AFFILIATES 478579 REFUNDABLE ENTRANCE FEES 9424376 INTEREST RATE SWAP LIABILITY 43937 9946892 4846141 -1671 -1671 4847812 0 4847812 4412298 158598 158598 4253700 0 4253700 PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN INTEREST IN NET ASSETS OF AFFILIATE -1,671. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF INTEREST RATE SWAP 158,598. 0 0 0 0 0 0 0 0 0 MICHAEL SWEENEY CEO 0 244933 0 0 0 0 0 4814 0 21692 0 271439 0 0 PART I, LINE 3 THE RELATED ORGANIZATION PERFORMS AN ANNUAL REVIEW AND USES INDUSTRY AND COMPETITIVE SURVEYS TO ESTABLISH COMPENSATION FOR THE CEO. FORM 990, PART VI, SECTION A, LINE 7A THE PARENT BOARD ELECTS MEMBERS TO THE PRESWICK BOARD ANNUALLY. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD MEMBERS REVIEW THE 990 PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MEMBERS COMPLETE CONFLICT OF INTEREST STATEMENTS ANNUALLY. IF A CONFLICT IS NOTED, THE NON-INTERESTED MEMBERS VOTE ON HOW TO PROCESS WITH THE SITUATION AT THAT TIME. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEWS THE COMPENSATION ANNUALLY DURING THE ANNUAL REVIEW OF THE CEO. THE BOARD USES INDUSTRY AND COMPETITIVE SURVEYS TO ESTABLISH COMPENSATION FOR THE CEO. THE CEO USES INDUSTRY AND COMPETITIVE SURVEY TO ESTABLISH THE COMPENSATION FOR ALL OTHER OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S ADDRESS. THE 990 IS ALSO AVAILABLE ON THE INTERNET AT GUIDESTAR AND NYS WEBSITE. FORM 990, PART IX, LINE 11G CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 355,467. MANAGEMENT AND GENERAL EXPENSES 184,613. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 540,080. FORM 990, PART XI, LINE 9: CHANGE IN INTEREST IN NET ASSETS OF AFFILIATE -1,671. CHANGE IN VALUE OF INTEREST RATE SWAP -158,598. FORM 990, PART XII, LINE 2C PRESWICK GLEN'S FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE REVIEW OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT AUDITOR. PRESBYTERIAN HOMES & SERVICES INC 4290 MIDDLE SETTLEMENT RD NEW HARTFORD NY 13413 311572747 PARENT ORG-SPONSORS RELATED HEALTH CARE FACILITIES NY 501(C)(3) LINE 12A, I COMMUNITY WELLNESS PARTNERS INC 0 PRESBYTERIAN HOME FOR CENTRAL NEW YORK PO BOX 1144 4290 MIDDLE SETTLEMENT NEW HARTFORD NY 13413 160874414 NURSING HOME AND HEALTH SERVICES FOR THE ELDERLY NY 501(C)(3) LINE 10 PRESBYTERIAN HOMES & SERVICES INC 0 PRESBYTERIAN HOMES FOUNDATION INC PO BOX 854 MIDDLE SETTLEMENT RD NEW HARTFORD NY 13413 133348349 RAISE FUNDS FOR PROGRAMS FOR THE ELDERLY NY 501(C)(3) LINE 7 PRESBYTERIAN HOMES & SERVICES INC 0 PRESBYTERIAN RESIDENTIAL COMMUNITY PO BOX 1144 MIDDLE SETTLEMENT RD NEW HARTFORD NY 13413 223219259 PROVIDE HEALTH SERVICES TO THE ELDERLY NY 501(C)(3) LINE 10 PRESBYTERIAN HOMES & SERVICES INC 0 PRESWICK II INC PO BOX 1144 NEW HARTFORD NY 13413 311736275 PROVIDE ACCOMODATIONS TO THE ELDERLY NY 501(C)(3) LINE 10 PRESBYTERIAN HOMES & SERVICES INC 0 THE MEADOWS AT MIDDLE SETTLEMENT PO BOX 1144 4310 MIDDLE SETTLEMENT NEW HARTFORD NY 13413 161009798 PROVIDE LOW INCOME HOUSING FOR THE ELDERLY NY 501(C)(3) LINE 10 PRESBYTERIAN HOMES & SERVICES INC 0 PH&S PROPERTY MANAGEMENT INC 4290 MIDDLE SETTLEMENT RD NEW HARTFORD NY 13413 161558576 HOLD TITLE TO PROPERTY FOR AFFILIATES NY 501(C)(2) PRESBYTERIAN HOMES & SERVICES INC 0 COMMUNITY WELLNESS PARTNERS INC 108 UTICA ROAD CLINTON NY 13323 161536239 PARENT ORG-SPONSORS RELATED HEALTH CARE FACILITIES NY 501(C)(3) LINE 12A, I N/A 0 LUTHERAN CARE CHARITABLE NETWORK INC 108 UTICA ROAD CLINTON NY 13323 264665274 PARENT ORG-SPONSORS RELATED HEALTH CARE FACILITIES NY 501(C)(3) LINE 12B, II COMMUNITY WELLNESS PARTNERS INC 0 KATHERINE LUTHER RESIDENTIAL HEALTH CARE & REHABILITATION CENTER INC 110 UTICA ROAD CLINTON NY 13323 208029261 NURSING HOME AND HEALTH SERVICES FOR THE ELDERLY NY 501(C)(3) LINE 10 LUTHERAN CARE CHARITABLE NETWORK INC 0 THE LUTHERAN HOME OF CENTRAL NEW YORK INC 108 UTICA ROAD CLINTON NY 13323 150543616 ADULT HOME NY 501(C)(3) LINE 10 LUTHERAN CARE CHARITABLE NETWORK INC 0 LUTHERAN HOMES MANAGEMENT SERVICES INC 108 UTICA ROAD CLINTON NY 13323 161381077 PROVIDE MANAGEMENT SERVICES TO AFFILIATES NY 501(C)(3) LINE 12B, II LUTHERAN CARE CHARITABLE NETWORK INC 0 THE LUTHERAN FOUNDATION 108 UTICA ROAD CLINTON NY 13323 161181550 RAISE FUNDS FOR PROGRAMS FOR THE ELDERLY NY 501(C)(3) LINE 7 LUTHERAN CARE CHARITABLE NETWORK INC 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 1 0 0 0 0